Glencore (LON:GLEN) Reaches New 12-Month Low – Here’s Why

Glencore plc (LON:GLEN)’s stock price hit a new 52-week low during trading on Tuesday . The company traded as low as GBX 337.75 ($4.22) and last traded at GBX 341.49 ($4.27), with a volume of 29362316 shares trading hands. The stock had previously closed at GBX 350.50 ($4.38).

Analysts Set New Price Targets

Separately, Citigroup reissued a “top pick” rating on shares of Glencore in a report on Thursday, December 12th. One investment analyst has rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price of GBX 516.25 ($6.45).

Glencore Stock Performance

The company has a market cap of £43.40 billion, a PE ratio of -11,897.20, a P/E/G ratio of 0.43 and a beta of 1.21. The company has a debt-to-equity ratio of 89.50, a quick ratio of 0.32 and a current ratio of 1.30. The stock’s 50-day simple moving average is GBX 366.41 and its 200 day simple moving average is GBX 395.67.

Glencore Company Profile

Glencore is one of the world’s largest global diversified natural resource companies and a major producer and marketer of more than 60 commodities that advance everyday life. Through a network of assets, customers and suppliers that spans the globe, we produce, process, recycle, source, market and distribute the commodities that support decarbonisation while meeting the energy needs of today.